Equities research analysts expect First Community Co. (NASDAQ:FCCO) to report $0.36 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for First Community’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.38. First Community posted earnings per share of $0.37 during the same quarter last year, which would suggest a negative year over year growth rate of 2.7%. The company is expected to issue its next earnings results on Wednesday, October 16th.
According to Zacks, analysts expect that First Community will report full-year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.36 to $1.42. For the next year, analysts forecast that the company will report earnings of $1.38 per share, with EPS estimates ranging from $1.30 to $1.46. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover First Community.
First Community (NASDAQ:FCCO) last issued its earnings results on Wednesday, July 17th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. First Community had a net margin of 20.81% and a return on equity of 9.70%. The business had revenue of $12.30 million during the quarter, compared to the consensus estimate of $12.04 million.
In other First Community news, VP David K. Proctor sold 3,888 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $19.05, for a total value of $74,066.40. Following the transaction, the vice president now directly owns 21,349 shares of the company’s stock, valued at approximately $406,698.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.66% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its holdings in shares of First Community by 514.2% during the first quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock worth $29,000 after purchasing an additional 1,270 shares during the period. Capital Investment Advisory Services LLC boosted its position in First Community by 386.0% in the second quarter. Capital Investment Advisory Services LLC now owns 2,673 shares of the bank’s stock valued at $52,000 after buying an additional 2,123 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of First Community by 35.4% during the fourth quarter. Bank of America Corp DE now owns 8,339 shares of the bank’s stock worth $162,000 after purchasing an additional 2,181 shares during the period. First Trust Advisors LP lifted its holdings in shares of First Community by 19.1% during the fourth quarter. First Trust Advisors LP now owns 12,792 shares of the bank’s stock worth $249,000 after purchasing an additional 2,050 shares during the period. Finally, Cutler Capital Management LLC bought a new position in First Community during the first quarter worth $286,000. 53.57% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:FCCO traded up $0.33 during mid-day trading on Friday, hitting $18.48. The stock had a trading volume of 7,805 shares, compared to its average volume of 9,397. First Community has a twelve month low of $17.08 and a twelve month high of $26.25. The firm has a market cap of $141.57 million, a PE ratio of 12.74 and a beta of 0.86. The stock has a 50 day simple moving average of $19.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.80.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 29th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.44 annualized dividend and a yield of 2.38%. First Community’s dividend payout ratio is currently 30.34%.
First Community Company Profile
First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.
Recommended Story: The Discount Rate – What You Need to Know
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Community Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community and related companies with MarketBeat.com's FREE daily email newsletter.